View a FREE sample

This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Is this sharing of information considered a success?
(a) No.
(b) Yes.
(c) Sometimes.
(d) Rarely.

2. Why does Sam buy a little bank in Bentonville?
(a) In order to earn money for Wal-Mart.
(b) In order to lend money to himself.
(c) In order to better understand the lending process and banking industry overall.
(d) He wants to control his money.

3. Sam enlists the help of Charlie Baum, whom he met ______________.
(a) While in college.
(b) While working at JC Penney.
(c) While working with the Ben Franklin store.
(d) In high school.

4. For a variety of reasons, Rob convinces Sam to do what with his debt?
(a) Split his debt into many small loans for the business.
(b) Reconsolidate it into one large loan for the business.
(c) Split his debt into a few small personal loans.
(d) Reconsolidate it into one large personal loan.

5. Don is a good example of another one of Sam's top talents. What is this talent?
(a) Choosing great advertisers.
(b) Choosing great leaders.
(c) Choosing great managers.
(d) Choosing great employees.

6. It is due to _________ that the company has been able to outperform the competition?
(a) The managers.
(b) The associates.
(c) The executives.
(d) The Walton family members.

7. It is 1962 and many of the successful discounters are doing what, of which Sam seems to disapprove?
(a) Building new stores.
(b) Driving fancy cars and living in large homes.
(c) Buying out stores.
(d) Selling low-quality products.

8. Sam purchases ____________ that only travels about 100 miles an hour.
(a) A bus.
(b) A helicopter.
(c) A little car.
(d) A little plane.

9. Sam buys stores in Little Rock, Springdale, and Siloam Springs, Arkansas, as well as Neodesha and Coffeyville, ___________.
(a) Kansas.
(b) Oklahoma.
(c) Nebraska.
(d) Arkansas.

10. ____________ is one store that expanded and had a distribution center that offered a superior product merchandise that Wal-Mart could offer their customers.
(a) Giant Eagle.
(b) Target.
(c) Meijer.
(d) Kmart.

11. Unions have tried to organize at Wal-Mart. Have they been successful?
(a) Not at first.
(b) No.
(c) Yes.
(d) Only at first.

12. Sam believes that the reason that Wal-Mart was successful is because __________.
(a) There was not competition.
(b) He is really intelligent.
(c) No one is a better promoter than him.
(d) He always made sure that the employees in his stores were taken care of.

13. Do Sam's kids feel as though Sam was not around during their childhood?
(a) No.
(b) Yes.
(c) Sometimes.
(d) Often.

14. Sam is not interested in retail because __________________.
(a) He wants to go to law school.
(b) He wants to purchase a farm.
(c) He believes he will be an insurance salesman.
(d) He does not want to be a businessman.

15. Sam starts to hear about discounting companies. He knows that discounting is the way of the future but is fully immersed in what?
(a) Discount stores.
(b) Variety stores.
(c) Franchising.
(d) Boutiques.

Short Answer Questions

1. Now that Sam is out of debt, he feels he can really concentrate on _________.

2. Due to its location, Wal-Mart can enjoy what kind of advertising?

3. Right away, Sam looks for other store opportunities and drives to Fayetteville to find a store whose only competitor is _________.

4. His stores have been growing at a good rate, and he feels their success is partly due to placing stores __________.

5. Sam finds a store in Bentonville, but almost does not get the business. Why?

(see the answer keys)

This section contains 585 words (approx. 2 pages at 300 words per page) View a FREE sample